Colleen Thomas
Ultrafemme
- Joined
- Feb 11, 2002
- Posts
- 21,545
In 1997 I took a job with a company and qualified for their 401K plan. When it came to investing my money I chose the Magellan plan and S&P 500 mutual fund during my time there accrued some 4200$. In a bull market.
As fate would have it I left the job and came to NY. I rolled my 401K over into a traditional IRA. During roll over yourmoney automatically goes into a money market account. I was supposed to go back, to move it to an S&P 500 index, but the guy there didn't mention I had to come back & I promptly forgot about it.
So my little retirement nest egg floated along making a paltry .0025%. Strange thing is, the market went south less than six months later. For the next three years money in An S&P fund would have lost -18.6%, -28.45% and -32.67%.
Today I got back into a growth fund, only to discover it is up 3.3% already and my little $4200 will get that boost no matter what.
Genius. The same kind of genius a monkey throwing darts at the stock page would get you
Incidentally I am kicking off the Colly Market Indicator fund. Basically anytime a misfortune causes my to move my money, I'll let ya know. All for the extremely cheap price of 1$ a notice. Tell me brokers don't make a killing. Asside from meteorologists they ar the only people on earth paid to guess.
-Colly
As fate would have it I left the job and came to NY. I rolled my 401K over into a traditional IRA. During roll over yourmoney automatically goes into a money market account. I was supposed to go back, to move it to an S&P 500 index, but the guy there didn't mention I had to come back & I promptly forgot about it.
So my little retirement nest egg floated along making a paltry .0025%. Strange thing is, the market went south less than six months later. For the next three years money in An S&P fund would have lost -18.6%, -28.45% and -32.67%.
Today I got back into a growth fund, only to discover it is up 3.3% already and my little $4200 will get that boost no matter what.
Genius. The same kind of genius a monkey throwing darts at the stock page would get you
Incidentally I am kicking off the Colly Market Indicator fund. Basically anytime a misfortune causes my to move my money, I'll let ya know. All for the extremely cheap price of 1$ a notice. Tell me brokers don't make a killing. Asside from meteorologists they ar the only people on earth paid to guess.
-Colly
